The Chinese economy advanced 6.3% YoY in 2Q 2023, faster than 4.5% in 1Q 2023 but missing market estimates of 7.3%. This has led Citibank ( C), Morgan Stanley ( MS), JPMorgan Chase ( JPM), and others to trim their growth forecasts for China. China’s Communist Party’s Politburo will hold a meeting later this month that will decide economic policies for the rest of the year however, the expectation is stimulus measures will likely be limited in scale. One potential area of concern is disappointing economic data out of China, showing the economy lost momentum in 2Q 2023 as the post-covid re-opening boom faded. To break through that resistance level, investors will need to see indications for dramatically faster earnings growth in 2H 2023 or a softening in inflation-fighting comments from Fed officials. ![]() If the answer appears to be “yes,” market bulls are likely to drive stocks higher toward the S&P 500’s technical resistance of 4,525-4,550. ![]() ![]() One question they will be attempting to answer is whether the S&P 500 basket of companies can deliver faster than expected EPS growth in 2H 2023. As they digest these reports, investors will contemplate the slowing economy, easing inflation pressures, the dollar’s retreat, the potential for real wage growth to emerge, and the return of student debt payments. There will be a sharp increase with more than 300 companies issuing their quarterly results and their projections for the remainder of 2023. With the S&P 500 and the Nasdaq Composite back in overbought levels, modest economic data ahead, and the Fed entering its pre-monetary policy meeting blackout period, the week’s focus will be corporate earnings. European markets are lower in midday trading and U.S. Hong Kong had a Market Holiday today and will resume trading tomorrow. Japan’s markets are closed today as the country celebrates “ Marine Day” which sees the country giving thanks for the ocean’s bounty and considering the importance of the ocean to Japan. Taiwan’s TAIEX gained 0.29%, and India’s SENSEX advanced 0.80% led by Financials and Energy. Australia’s ASX All Ordinaries closed close to flat, declining 0.07%, South Korea’s KOSPI fell 0.35% and China’s Shanghai Composite closed 0.87% lower. It would be good to get an ETA or some official timeline on when our users can expect a fix.Asia-Pacific equity markets generally finished the day lower after China’s GDP update which came in at 6.3%, a full 1% lower than expectations. Thank you for your support of this platform over the last decade. The issue does not occur if users are upgrading existing AIR installations from MacOS 10.14, but only in brand new installations of Adobe AIR on the latest MacOS. I've reached out to Harman, but as this is a current issue affecting current users and Adobe is commited to supporting AIR v32 until the end of 2020 according to their official blog post is there a timeframe to correct this problem? We have an installation base of our desktop AIR product of over 100,000 machines, and a significant proportion run MacOS, and as they all upgrade to 10.15 we're seeing a huge escalation in the incidence if this issue to our userbase. Is this a known issue that the Adobe AIR development team is actively working on? This clearly is not an acceptable long term solution. Sudo xattr -r -d /Library/Frameworks/Adobe\ AIR.framework The "workaround" is for users to open up a terminal and run the following command: ![]() This is due to the new Gatekeeper functionality on Catalina. "Adobe Air.framework is damaged and can't be opened" Since the release of MacOS 10.15 Catalina in October of 2019 the Adobe AIR version 32 application installer available from fails with new installations of Adobe AIR with the error message:
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